secwatch.observer — SEC 8-K summary
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Issuer:     DECKERS OUTDOOR CORP (DECK)
CIK:        0000910521
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0000910521-22-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deckers enters $400M unsecured revolving credit facility maturing December 2027
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- New $400M unsecured revolver replaces prior $350M credit agreement dated September 2018.
- Includes $25M letter-of-credit sublimit and $175M foreign-currency sublimit (Euros, Sterling, CAD).
- Maturity set for December 19, 2027; interest margins range from 0.00%-0.625% (ABR) or 1.00%-1.625% (SOFR/EURIBOR/CDOR) based on net leverage.
- Commitment fee of 0.125%-0.20% per annum on unused portion; option to increase facility by up to $300M (plus additional subject to leverage test).
- Guaranteed by certain wholly owned domestic subsidiaries; all obligations unsecured.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910521/000091052122000041/0000910521-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910521/000091052122000041/deck-20221219.htm
  HTML page:      https://secwatch.observer/filing/0000910521-22-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer